FAHCX vs. RCTIX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and River Canyon Total Return Bond Fund (RCTIX).
FAHCX is managed by Fidelity. It was launched on Jul 3, 1995. RCTIX is managed by River Canyon. It was launched on Dec 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAHCX or RCTIX.
Correlation
The correlation between FAHCX and RCTIX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FAHCX vs. RCTIX - Performance Comparison
Key characteristics
FAHCX:
2.14
RCTIX:
2.38
FAHCX:
3.11
RCTIX:
3.43
FAHCX:
1.42
RCTIX:
1.49
FAHCX:
1.82
RCTIX:
4.37
FAHCX:
12.97
RCTIX:
12.37
FAHCX:
0.78%
RCTIX:
0.50%
FAHCX:
4.67%
RCTIX:
2.57%
FAHCX:
-48.54%
RCTIX:
-10.89%
FAHCX:
-2.21%
RCTIX:
-1.40%
Returns By Period
In the year-to-date period, FAHCX achieves a 10.07% return, which is significantly higher than RCTIX's 6.26% return. Over the past 10 years, FAHCX has outperformed RCTIX with an annualized return of 5.76%, while RCTIX has yielded a comparatively lower 4.77% annualized return.
FAHCX
10.07%
-1.52%
4.22%
9.86%
4.95%
5.76%
RCTIX
6.26%
-0.20%
2.65%
6.37%
3.99%
4.77%
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FAHCX vs. RCTIX - Expense Ratio Comparison
FAHCX has a 0.74% expense ratio, which is lower than RCTIX's 0.89% expense ratio.
Risk-Adjusted Performance
FAHCX vs. RCTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and River Canyon Total Return Bond Fund (RCTIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FAHCX vs. RCTIX - Dividend Comparison
FAHCX's dividend yield for the trailing twelve months is around 4.28%, less than RCTIX's 5.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.28% | 5.12% | 4.73% | 3.23% | 3.71% | 4.45% | 6.08% | 4.94% | 4.74% | 5.28% | 4.71% | 6.19% |
RCTIX River Canyon Total Return Bond Fund | 5.88% | 8.51% | 6.00% | 3.02% | 3.79% | 2.70% | 3.30% | 4.89% | 2.32% | 5.74% | 0.00% | 0.00% |
Drawdowns
FAHCX vs. RCTIX - Drawdown Comparison
The maximum FAHCX drawdown since its inception was -48.54%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for FAHCX and RCTIX. For additional features, visit the drawdowns tool.
Volatility
FAHCX vs. RCTIX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a higher volatility of 1.53% compared to River Canyon Total Return Bond Fund (RCTIX) at 1.04%. This indicates that FAHCX's price experiences larger fluctuations and is considered to be riskier than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.